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Credit Union Data And Trends

Credit Union Data And Trends Bank Rate Watch Credit Union Directory Utah Credit Unions
HORIZON UTAH CREDIT UNION


Number of current members as of the cycle date.
This is a capital adequacy ratio that measures total assets (less other liabilities) to total shares. A ratio over 100 means that a credit union has enough assets to pay all obligations to creditors and members, if liquidation occurs.
This Capital Adequacy ratio measures net worth in relation to total assets. Net worth cushions fluctuations in earnings, supports growth, and provides protection against insolvency. The rate of net worth growth should be commensurate with the levels of risk and asset growth.
This is the annualized year-to-date percentage change (growth) in total Net Worth Capital.
This is the annualized year-to-date percentage change (growth) in total assets.
An earnings ratio that measures annualized YTD net income in relation to average assets. This ratio measures the efficient utilization of assets to create profits YTD. A positive ratio indicates that earnings were sufficient to cover the institution's cost of funds and operating expenses(including for loan loss expense) as well as providing a profit.
This is the annualized year-to-date percentage change (growth) in total loans.
This is the annualized year-to-date percentage change (growth) in total deposits.
The most common interest/dividend rate paid last quarter according to the dollar volume of business
      
CREDIT UNION GENERAL INFORMATION
Charter Number 24746
CEO/PRESIDENT Randy Gailey
Address P.O. BOX 687
City FARMINGTON
State UT
Zip 84025
Phone 801-451-5064
Fax 801-451-5078
Website www.myHorizonCU.com
# of Branch Offices 5
 # of Members 11,461
Number of Full-Time Employees 42
Host Computer System Vendor  
Homebanking Vendor  
     

      
FINANCIAL STATUS
Total Assets $118,793,501.00
  Solvency Evaluation (Estimated) 111.85
 Net-Worth Ratio 10.50
Net Worth Classification by NCUA Well Capitalized
 Net Worth % Growth (Annualized) 9.87
Total Loans $60,196,506.00
Total Deposits $105,245,070.00
 Total Assets % Growth (Annualized) 12.07
 ROA (Annualized) After NCUA Assessments Exp 1.00
 Total Loans ($) Growth % (Annualized) 6.77
 Total Deposits ($) Growth % (Annualized) 11.09
     

      
ACCESS TO ELECTRONIC FINANCIAL SERVICES
Home Banking Via Internet Website Yes
Wireless No
Home Banking/PC Based No
Audio Response/Phone Based Yes
ATM Automated Teller Machine Yes
Kiosk No
Other No
     

      
ELECTRONIC SERVICES OFFERED
Member Application No
New Loan Yes
Account Balance Inquiry Yes
Checks Ordering Yes
New Share Account No
Loan Payments Yes
Account Aggregation Yes
Internet Access Services No
View Account History Yes
Merchandise Purchase No
Share Account Transfers Yes
Bill Payment Yes
Download Account History Yes
Electronic Cash No
Signature Authentication Yes
     

      
OTHER SERVICES OFFERED
Real Estate Loans Yes
Member Business Loans Yes
Risk Based Loans Yes
Direct Financing Leases No
Mortgage Processing Yes
Overdraft Protection Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only First Mortgage No
Insurance/Investment Sales No
     

      
CREDIT UNION DEPOSIT RATES (Most Common Rates Offered As of the Quarter-Ended)
 Checking Rate % 0.00
Reguar Savings Rate % 0.05
Money Market Rate % 0.10
Certifificates of Deposit Rate % 1.60
IRA/KEOGH Rate % 1.60
All Other Savings Rate % 0.05
     

      
CREDIT UNION LOAN RATES (Most Common Rates Offered As of the Quarter-Ended)
Unsecured Credit Card Loan Rate % 9.90
All Other Unsecured loans/Lines of Credit Rate % 18.00
New Auto/Vehicle Loan Rate % 2.75
Used Auto/Vehicle Loan Rate % 2.75
1st Mortgage Real Estate/Lines of Credit Rate % 4.50
Other Real Estate Loans/Lines of Credit Rate % 4.50
Leases Receivables 0.00
All Other Loans/Lines of Credit Rate 6.00